CORNAX
Annual accounts 2024
abbreviated format, filed on 08-10-2025, 69 days lateTurnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €105,855 on 31-12-2024in euro
Position in the sector
-33.4%
Higher than 5% of 8,963 companies in 2024.
2.05
Higher than 57% of 8,828 companies in 2024.
-70.0%
Lower than 95% of 8,905 companies in 2024.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
105,855 | 138,407 | 164,089 | 111,154 | |
21/28 |
933 | 2,288 | 3,241 | 5,232 | |
21 |
933 | 1,451 | 1,968 | 2,486 | |
22/27 |
- | 87 | 522 | 2,747 | |
23 |
- | 87 | 522 | 958 | |
24 |
- | - | - | 1,789 | |
28 |
- | 750 | 750 | - | |
29/58 |
104,921 | 136,119 | 160,849 | 105,921 | |
40/41 |
104,921 | 136,108 | 160,537 | 99,440 | |
40 |
85,502 | 95,151 | 119,670 | 60,443 | |
41 |
19,419 | 40,956 | 40,867 | 38,997 | |
54/58 |
- | 11 | 311 | 6,453 | |
490/1 |
- | - | - | 28 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
105,855 | 138,407 | 164,089 | 111,154 | |
10/15 |
-35,400 | 38,722 | 80,155 | 29,981 | |
10/11 |
5,005 | 5,005 | 5,005 | 5,005 | |
11 |
- | - | - | 5,005 | |
1109/19 |
- | - | - | 5,005 | |
14 |
-40,405 | 33,717 | 75,150 | 24,976 | |
17/49 |
141,255 | 99,685 | 83,934 | 81,173 | |
17 |
- | - | 18,672 | 19,200 | |
170/4 |
- | - | 18,672 | 19,200 | |
42/48 |
51,252 | 84,682 | 49,856 | 61,973 | |
43 |
14,108 | - | - | - | |
430/8 |
14,108 | - | - | - | |
44 |
24,459 | 49,002 | 14,905 | 35,114 | |
440/4 |
24,459 | 49,002 | 14,905 | 35,114 | |
45 |
12,532 | 20,862 | 34,609 | 21,723 | |
450/3 |
12,532 | 20,862 | 34,609 | 21,723 | |
47/48 |
153 | 14,818 | 342 | 5,135 | |
492/3 |
90,003 | 15,003 | 15,406 | - | |
| Income statement | |||||
9900 |
-51,424 | -38,891 | 68,099 | 38,982 | |
62 |
- | - | - | 3,503 | |
630 |
604 | 953 | 953 | 1,461 | |
640/8 |
197 | 1,158 | 3,084 | 1,522 | |
9901 |
-52,225 | -41,002 | 64,062 | 32,496 | |
75/76B |
3 | - | 57 | 83 | |
75 |
3 | - | 57 | 83 | |
65/66B |
21,900 | 431 | 584 | 103 | |
65 |
1,150 | 431 | 584 | 103 | |
66B |
20,750 | - | - | - | |
9903 |
-74,122 | -41,433 | 63,535 | 32,477 | |
67/77 |
- | - | 13,361 | 7,501 | |
9904 |
-74,122 | -41,433 | 50,174 | 24,976 | |
9905 |
-74,122 | -41,433 | 50,174 | 24,976 | |
| Appropriation of the result | |||||
9906 |
-40,405 | 33,717 | 75,150 | 24,976 | |
14P |
33,717 | 75,150 | 24,976 | - | |
| Document | |||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 08-10-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank2024 annual accounts filed 69 days after the deadline. Filed on 8 October 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00535683.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| -51,621 | -40,049 | 65,015 | 33,957 | ||
| -73,518 | -40,480 | 51,127 | 26,437 | ||
| 20,000 | 0 | 750 | 6,694 | ||
| - | -300 | -6,142 | - | ||
| 53,669 | 51,437 | 110,993 | 43,948 | ||
| -33.4% | 28.0% | 48.8% | 27.0% | ||
| 2.05 | 1.61 | 3.23 | 1.71 | ||
| - | 2.57 | 1.05 | 2.71 | ||
| - | -107.0% | 62.6% | 83.3% | ||
| -70.0% | -29.9% | 30.6% | 22.5% | ||
| -44.90 | -92.85 | over 100 | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 |
|---|---|---|---|
| Financial fixed assets | €20,000 | - | €750 |
| €604 | €953 | €953 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Insights on CORNAX
The operating result for 2024 is a loss of €52,225, larger than the loss of €41,002 in 2023. It is the lowest result since 2021.
Equity is negative. Debt (€141,255) exceeds the balance-sheet total (€105,855).